An introduction to probability

Introduction to Probability

Probability of an Event

If all of the outcomes in an experiment are equally likely, then the probability of an event, E, occurring is given by:

Note: the number of outcomes that result in event E occurring can never be negative and can never be greater than the total number of outcomes, so we know:

Theoretical Probability

A probability computed by using a probability formula is called a theoretical probability.

Empirical Probability

A probability found by observing the actual outcomes of an experiment that is repeated many times is called empirical probability.